Description

Cloud Collaboration Market is estimated to grow from
US$21.353 billion in 2015 to US$46.089 billion by 2021, at a CAGR of 13.68%
over the forecast period. Factors such as increasing adoption of BYOD (Bring
Your Own Device) along with growing use of smartphones, tablets and other
electronic devices for work, are major contributors to the growth of cloud
collaboration market. BFSI sector is the major end-user of cloud collaboration
solutions as it allows secured exchange of business information with the partners,
clients, and customers. Growing use of cloud-based services by SMEs will also
boost the demand for cloud collaboration solutions over the forecast period.
Regionally, Asia Pacific is projected to witness the highest growth of cloud
collaboration market owing to increasing number of smartphone users, especially
in emerging economies such as India, China, and South Korea. However, lack of
security in cloud-based solutions coupled with stiff competition will hinder
the growth of cloud collaboration market during the forecast period.

Research Methodology

The first section of the report deals with detailed research
methodology for calculating market size and forecasts, secondary data sources
used and the primary inputs which were taken for data validation. This section
also outlines various segmentations which have been covered as part of the
report.

Market Dynamics

Next section provides comprehensive market dynamics through
an overview section along with growth drivers, challenges, and opportunities
which exist in the current market. This section of the report also provides
supplier and industry outlook as a whole; key industry and regional regulations
which are determining the product specifications and a brief technological
aspect of cloud collaboration solutions. Complete industry analysis has also
been covered by Porter’s five forces model as a part of this report section.

Segmentation

Thirdly, Cloud Collaboration market has been segmented by
component by deployment type, by solution, and by geography. By deployment
type, the market has been segmented as public cloud, private cloud, and hybrid
cloud. Cloud Collaboration market has further been segmented by solution as
unified communication & collaboration, and enterprise communication. By
geography, the segmentation has been done as Americas, Europe Middle East and
Africa, and Asia Pacific. These regions are further segmented into major BFSI
Security market.

Market Players

Finally, competitive intelligence section deals with major
players in the market, their market shares, growth strategies, products,
financials, and recent investments among others. Key industry players profiled
as part of this section are IBM, Google, Cisco Systems, Microsoft Corporation
and Mitel Networks Corporation among others.